Central bank auctions 390 million drams worth short-term bonds

Capital market

YEREVAN, July 2. /ARKA/. The Central Bank of Armenia said it has auctioned 390 million drams worth short-term government bonds of AMGT52017132 issue with a 52 week maturity period.

It said a total of 1.9 billion drams worth bids had been submitted, all competitive. The Treasury Depository made no bids, it said.

Two dealers were said to have taken part in the auction of bonds with 9.34% yield and 9.38% cutoff point. ($1 – 418.01 drams). -0-

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